ACCENDO PRODUKTUTVIKLING AS: årsregnskap 2011 vs 2010
Shrank 85% on revenue, cash halved-plus
approved 2012-06-20; registry 2012-09-06; journal 2012 727544
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ACCENDO PRODUKTUTVIKLING AS. Revenue 833.9k NOK → 129.2k NOK (-84.5%). Equity 9 558 NOK → -139.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACCENDO PRODUKTUTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 265.0k NOK → 2 011 NOK (32% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 833.9k NOK to 129.2k NOK (-84.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +34.7k NOK → -130.2k NOK (op. margin 4.2% → -100.8%). Calculated
-
↓
Equity eroded
Book equity 9 558 NOK → -139.5k NOK (equity ratio 2.3% → -59.4%). Calculated
-
↓
Cash fell
Bank deposits 3 652 NOK → -80.5k NOK (-2303.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -59.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 37.2k NOK → 27.8k NOK (-25.3% YoY). Calculated